Oil Company (NIOC) Mohsen Khojasteh-Mehr said.
To reach this capacity, 24 wells will be spudded in total. “So far, four wells have been put into operation, and the rest will gradually come on stream,” Khojasteh-Mehr said.
“The development of Phase 11 of Pars South is one of the m ...
Pipeline Company, formerly the Eilat-Ashkelon Pipeline Company, signed a MoU with MED-RED Land Bridge, a joint venture between the UAE and Israel, for transfer of oil and its derivatives from the Red Sea terminal to the Mediterranean through the occupied territories.
The Israeli regime is hea ...
The planned corridor is now up in the air as Israeli war on Gaza raises questions about its security and costs. Alwaght- In an increasingly interwoven world, any geopolitical dispute leaves its effects on the global economy. The ongoing Israeli war on Gaza, though with limited extent, is expected to ...
Yemeni military, in another statement on Friday, said it targeted two more container ships – MSC Alanya and MSC Palatium III – in the Red Sea that were headed to the occupied Palestinian territories. Yemeni military, in another statement on Friday, said it targeted two more container ships – M ...
UAE and Saudi Arabia are helping Israel circumvent Red Sea as Yemen squeezes Israeli sea trade. Alwaght- Since the beginning of Yemen’s Ansarullah attacks on the ships headed to the Israeli regime in Bab-el-Mandeb and the Red Sea, Tel Aviv has faced a big challenge to continuation of its milit ...
Kirkuk has been immersed in insecurity for years as Erbil and central government disagree over its rule. But rays of hope can emerge after provincial elections. Alwaght- On Monday, Iraq held provincial council elections after a decade, and millions of Iraqis voted to elect their representatives in l ...
The Israeli war risks disruption in gas supplies to Europe, which is a resource of concern to Europeans. Alwaght- Despite the fact that Gaza war is taking place in a limited geographical area, it overshadows a set of other issues including the gas resources in the Mediterranean. While the world ener ...
Oil Minister Javad Owji said on Wednesday that a terrorist sabotage attack had targeted two main gas transmission pipelines in the country’s southwestern province of Chaharmahal and Bakhtiari as well as the southern province of Fars, causing a massive explosion and a subsequent fire.
Ir ...
Oil Division' is poised to secure necessary approvals from the federal cabinet for the execution of the 81-kilometer pipeline, while the Ministry of Finance will ensure the required budget from the Gas Infrastructure Development Cess (GIDC) board. Islamabad authorities state that the 81-kilomete ...
Pipeline, this major project was signed in 2009 and was set to export 750 million square feet of gas annually to Pakistan for 25 years. This project consists of 1,150-kilometers pipeline inside Iran and 781-kilometer pipeline inside Pakistan. While Iran completed its share of project years ago, the ...